IRS Delays Implementing 403(b) Regs to 2008

August 29, 2006 ( - Saying they wanted to give 403(b) plan sponsors and others associated with the plans more time to implement rules proposed in 2004, Internal Revenue Service (IRS) officials have scheduled an effective date of January 1, 2008.

In a news release, the IRS said that the new deadline was designed to also help employees, insurance carriers and mutual funds involved in 403(b) plans “a reasonable advance period before the regulations go into effect.”

The affected regulations also include those covered related controlled groups under 414